The latest GameStop short interest data from mid-October indicated that 20% of GME's float - 53.88 million shares - was held short. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. S3 Partners estimates AMC short sellers paid a total of $1.91 billion in stock borrow fees in the first quarter of 2023, up from $1.54 billion in the fourth quarter of 2022. . Investors that short sell a stock are betting . Short interest in shares of beleaguered First Republic Bank rose by $389.8 million to $945.5 million in the past 30 days, and the bearish positions turned profitable for the month as its shares . Real-time analyst ratings, insider transactions, earnings data, and more. Trying to use earnings or cash flow as a valuation tool would show exorbitant results and not be of much use. All quotes delayed a minimum of 15 minutes. The stocks in our top 25 list all have elevated S3 SI % Float and days-to-cover. In the last quarter alone, AMC's revenues reached 65% of pre-pandemic levels. As of April 15th, investors have sold 137,470,000 shares of AMC short. Access your favorite topics in a personalized feed while you're on the go. AMCs short interest came down to 14% after the surge but began to rise again all throughout 2022. The indicators, strategies, columns, articles and all other features herein are for informational and educational purposes only and should not be construed as investment advice. Short sellers have covered about 796,000 shares, worth $41 million, over the last 30 days, with buy-to-covers growing over the last week with 1.40 million covered, worth $72 million., Why the stock could round trip: Valuation. No system or methodology has ever been developed that can guarantee profits or ensure freedom from losses. S3 looked at stocks with at least $100 million in short interest and ranked them by their stock borrow fees. The recovery of AMC's business fundamentals has been aided by cash raised through share appreciation by retail investors. Short selling AMC is an investing strategy that aims to generate trading profit from AMC Entertainment as its price is falling. Shares of AMC Entertainment dropped as much as 14% on Wednesday as retail traders begin to capitulate on the meme-stock frenzy and short bets against the theater chain increase. The so-called short covering could be contributing to AMC's massive rally this week. as well as other partner offers and accept our, begin to capitulate on the meme-stock frenzy, Registration on or use of this site constitutes acceptance of our. Other company's on the highest stock borrow fees list include Bed Bath & Beyond (NASDAQ:BBBY) with GameStop (NYSE:GME) last on the list.. AMC's high short interest of 25.33% has short sellers in a sticky situation as rising borrow fee rates limit the amount of shorting in the stock. All Rights Reserved. Image: S3 Partners, LLC. 326 E 8th St #105, Sioux Falls, SD 57103 Short positions in First Republic Bank now account for 32.5% of its stock available to trade. The data, which comes courtesy of S3 Partners, LLC, reveals that during midday trading on Friday, year to date losses of AMC short sellers stood at $3.74 billion. A new note from S3 Partners highlights why short-selling AMC may not be worth the cost. High stock borrow fees can test the conviction level of short sellers as financing costs can take a large bite out of expected Alpha. Learn More on AMC Entertainment's current short interest. In-depth profiles and analysis for 20,000 public companies. Short Interest and Securities Finance Data - Access the only independent Short Interest and Securities Finance data set available. Duolingo Speaking Volumes: Forms Bullish Chart Ahead of Earnings, Skip Charts & View Short Interest History. Get daily stock ideas from top-performing Wall Street analysts. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. June 4, 2021: $21.6 billion with $5.47 billion in revenue = 3.9x market cap to revenue. Although short interest is now nowhere near the exaggerated levels that preceded January 2021's historic rally, data from S3 Partners shows that short interest in both GameStop and AMC . As AMC tests its key 50-day moving average support level, short bets against the company are increasing, according to data from S3 partners. Use this data to understand bearish bets, conviction levels and what is driving price action, and identify which trades are crowded and why for over 65,000 global securities. Short sellers betting against AMC suffered $2 billion in losses . There is a very high degree of risk involved in investing and trading of securities and similar instruments, and S3 Partners, LLC and any and all entities or individuals affiliated with S3Partners, LLC do not intend to provide or convey any advice or recommendations concerning any such activity, and assume no responsibilities for any trading or investment results. Short interest is the volume of AMC Entertainment shares that have been sold short but have not yet been covered or closed out. If you become a successful company you destroy a shorts thesis hence no logical reason to continue shorting. As Aron said, it is not enough for AMC to return to pre-pandemic levels to prove a successful business. Best Debt Consolidation Loans for Bad Credit, Personal Loans for 580 Credit Score or Lower, Personal Loans for 670 Credit Score or Lower. These partnerships do not influence editorial content. Tesla Continues to Defy Expectations, Is it Buyable Again? But the company still has a consistent liquidity position of $1.16 billion. Investors shorting the meme stock AMC Entertainment are estimated to have lost $1.23 billion over the last week. But a stock's decline below its 50-day moving average does not mean a swift decline back to its 200-day moving average is in order. Information and observations are obtained from sources believed to be reliable, but S3 Partners, LLC and any of its affiliates do not warrant the completeness or accuracy of any such information, or guarantee or in any way warrant any results from the use of any information. Traders view the the 50-day moving average, which is the average daily closing price of a stock over its previous 50 trading sessions, as a short-term moving average that often represents areas of support or resistance for a stock. Not surprisingly, AMC was the most expensive stock to short in the first quarter, costing short sellers $225 million in stock borrow fees. Short sellers will have to make a decision to either stick to their convictions and remain short despite rising share prices. You have already added five stocks to your watchlist. Throughout 2022, AMC was one of the preferred stocks to short - and it turned out to be a great investment for short-sellers. Ihor Dusaniwsky, managing director of Predictive Analytics at S3, in an email exchange with Reuters said First Republic's plunge has moved short sellers in its stock into a profit for April. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. - Shorts Think So. The stock tested a key support level on Wednesday, as it traded around its 50-day moving average at $37.28. See what's happening in the market right now with MarketBeat's real-time news feed. The ten stocks that short sellers had the most conviction and paid the most to short made up 17% of the total borrow cost in the quarter, they were: HOOD (-$79mm), CPNG (-$60mm), LCID (-53mm), IRNT (-$24mm), VMW (-$23mm), FFIE (-$22mm), TSLA (-16mm), CVAC (-$16mm), GREE (-$14mm) and BLNK (-$14mm). Exciting results also came from its food and beverage business, which generated $252.2 million in revenue a fivefold year-over-year increase. AMC Entertainment (NYSE:AMC) has become the #1 stock with the highest borrow fees according to S3 Partners. January 3, 2022. Its 30-day trading volume average is just above 100 million shares, according to FactSet. AMC has around 18% of its float shares sold short, versus about 5% for an average U.S. stock, according to data from S3 Partners. As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of AMC Entertainment: Equitec Proprietary Markets LLC, Simplex Trading LLC, Traynor Capital Management Inc., National Bank of Canada FI, FNY Investment Advisers LLC, Parallax Volatility Advisers L.P., Jane Street Group LLC, Belvedere Trading LLC, Sculptor Capital LP, Millennium Management LLC, Marathon Trading Investment Management LLC, Nomura Holdings Inc., Aristeia Capital LLC, Centiva Capital LP, Jefferies Financial Group Inc., Susquehanna International Group LLP, CSS LLC IL, Verition Fund Management LLC, Tyler Stone Wealth Management, 683 Capital Management LLC, Clear Street Markets LLC, Natixis, Antara Capital LP, Barclays PLC, Bank of America Corp DE, EMG Holdings L.P., Bracebridge Capital LLC, Group One Trading L.P., IMC Chicago LLC, Citigroup Inc., Cutler Group LLC CA, Simplex Trading LLC, and Bank of Montreal Can. Changes in short volume can be used to identify positive and negative investor sentiment. Mullen Announces New Illegal Shorting Investigation, Mullen Five is Now Available for Reservation, The BBIG Community Raises More Than $42K to Fight Board, Supreme Court Summons FINRA in New MMTLP Hearing, Mullen Makes New Delivery of EVs to UNC Charlotte. What we do know is that CEO Adam Aron plans to tackle the short thesis fundamentally. AMC Entertainment Is Most Expensive Stock For Short Sellers, But What Other Stocks Top The List? TV Shows. Changes in short volume can be used to identify positive and negative investor sentiment. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. S3 Analytics: 2022 Amazon.com Rally? Shares rose from $2 to more than $20 per share in January and from $9 to more than $72 per share later in June. Other stocks with a 10 out of 10 score are Bed, Bath & Beyond AMC Entertainment saw a decline in short interest in the month of April. AMC's short interest was only at 23% when buyers were able to squeeze a percent of short sellers from the play, sending share prices to their all-time high of $72. New York, NY 10022, 2022 S3partners.com All Rights Reserved. However, even when these criteria are met it does not necessarily mean the stock is a short squeeze candidate. Stonk-O-Tracker is currently reporting the borrow fee at 102% but recently showed hedge funds were paying as much as 731% to short AMC stock. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Their efforts, which surged in January, pushed the stock to $20 a share, up from $5, and allowed AMC to lighten its debt load by around $600 million. Get 30 Days of MarketBeat All Access Free, By creating a free account, you agree to our. Data from S3 Partners showing short interest figures for the first weeks of June indicate that 110.02 million shares were being shorted: Figure 2: AMC's short interest vs. price. Mark-to-market losses are the primary impetus for a Short Squeeze to occur, and AMCs recent rally has pushed it into potential Short Squeeze territory.. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Dusaniwsky wrote, We have seen AMC short covering this week, but by no means are we seeing a wholesale short squeeze in this stock at the moment. (0.77%), Spectrum Brands Holdings, Inc. (4.39%), Mister Car Wash, Inc. (15.31%), Steven Madden, Ltd. (5.25%), Sonos, Inc. (10.34%), Carter's, Inc. (7.52%), Graham Holdings (1.21%), Ozon Holdings PLC (8.94%), Kontoor Brands, Inc. (7.33%). Leave your thoughts below! The company has about 20% of its outstanding shares sold short, compared with an average of 5% short interest in a typical U.S. stock, S3 Partners said. While a substantially large . S3 looked at stocks with at least $100 million in short interest and ranked them by their stock borrow fees . That's an uptick from 49.53 million in mid-September. The data is organized by frequency of updates, with intraday data at the top (short shares availability, short borrow fee rate), daily data (short volume, fails-to-deliver) in the middle, and the slowest updated data (short interest) at the bottom. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. The Consumer Discretionary (primarily auto) and HealthCare (Biotech) sectors have the most constituents in the top 25 most squeezable stocks. Is United Airlines Playing a Game of Limbo with Its Guidance? Please log in to your account or sign up in order to add this asset to your watchlist. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. We'll assume you're ok with this, but you can opt-out if you wish. This is@CEOAdamstrategy and the only strategy that has ever worked in the history of the market! S3 Partners, which calculates real-time short interest in the market, expects the squeeze to continue. Short interest stands . Overall short sellers paid $1.86 billion in stock borrow fees in the 3rd quarter of 2021 (calculated daily borrow cost using S3s offer rate) versus $2.07 billion in stock borrow expenses in the 2nd quarter of 2021. Other companys on the highest stock borrow fees list include Bed Bath & Beyond (NASDAQ:BBBY) with GameStop (NYSE:GME) last on the list. FCF was negative $300 million. As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($4.69 billion), Occidental Petroleum Co. ($3.22 billion), Coinbase Global, Inc. ($2.54 billion), T. Rowe Price Group, Inc. ($2.33 billion), Paramount Global ($2.10 billion), Verisk Analytics, Inc. ($2.03 billion), Etsy, Inc. ($1.67 billion), Old Dominion Freight Line, Inc. ($1.62 billion), CarMax, Inc. ($1.60 billion), and Extra Space Storage Inc. ($1.60 billion). The market is rampant with blatant stealing from retail investors and driving companies down illegally. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender.
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